Wednesday, June 3, 2009

Goldman raises price target on Amazon - Amazon favorite U.S. internet stock

Back in June of 2009, I posted this note.  WOW did they climb!!  I hope my friends that I suggested this to got in and made money too! BUT, now I believe you should sell.  I've dropped my position to less than 1% of my portfolio as of January 2011.
"Amazon is our favorite U.S. internet stock based on our positive view of its franchise, online-offline expansion strategy, share gains in a still-expanding e-commerce market, and downloadable content initiatives," Mitchell wrote.